VRT Q3 2023 Earnings — Vertiv Holdings Co Revenue & Financial Results | Market Cap Arena

VRTVertiv Holdings Co

$103B

Q3 2023 Earnings

Industrials Electrical Equipment & Parts

Income Statement

Revenue

$1.7B+17.7% YoY

Gross Profit

$582M33.4% margin

Operating Income

$255M14.6% margin

Net Income

$94M5.4% margin

EPS (Diluted)

$0.24

QoQ Revenue Growth

+0.5%

Cash Flow

Operating Cash Flow

$249M

Free Cash Flow

$221M

Stock-Based Comp.

$7M

Balance Sheet

Total Assets

$7.4B

Total Liabilities

$5.7B

Stockholders' Equity

$1.7B

Cash & Equivalents

$505M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$1.7B	$1.5B	+17.7%
Gross Profit	$582M	$375M	+55.2%
Operating Income	$255M	$80M	+219.0%
Net Income	$94M	$21M	+343.9%

Revenue Segments

Product

$1.4B79%

Service

$361M21%

Geographic Segments

Americas Segment

$1.0B55%

EMEA Segment

$423M23%

Asia Pacific Segment

$411M22%